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Dec 22, 2012
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not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and pressure was put on every area and then all of a sudden things turned around and that's the way it is. >> right. it's unfortunate but that's the way it is. >> right. so we are happy we could help and we wish you and your husband and your son the very merriest of christmases and it will be. >> thank you so much and i cannot tell you how much we appreciate this coverage. it's saved his life. we really believe that. >> bill: that's what the fox news channel is here to do and we are happy to do it. merry christmas to you, mrs. hammar. >> you too. >> bill: laura as you said in the top of your remarks, at least we have a ha
not only about the crime being bogus but about our government not really kicking into gear and then after that everything started to fall into place. >> absolutely. that's a shame of this is without that, i don't know that this would have happened. certainly not in this time frame. >> right. but, americans watching that show saw you and your husband on television and they rallied to your cause, too. there were thousands of calls made to politicians all across the country and...
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Dec 29, 2012
12/12
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if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that is the problem. he is like ahab and the well and the well is the -- whale is the wealthy? >> raising taxes in punitive way on affluent people. having said that again, the people who are -- who would be hit with these tax increases are the people who create the jobs. and that impacts a lot of middle class americans. have you got a middle class americans employed by small businesses that would see their tax bills go up. that's going to be bad for the economy and bad for jobs. but, again, i think that the philosophically the president a lot of his allies up here in the congress have a very different view
if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that...
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Dec 28, 2012
12/12
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the government was not going to fall over this. obama care doesn't fall oh he vert h healthcare mandate but would have protected while the case is fully litigated the religious freedom rights of the owners of hobby lobby to protect their religious conscience. unfortunately, the justice today, her deneyial in four pages basically said sorry i don't see it and therefore you will pay the penalty or provide the insurance whether you you like it or not and i think she missed an opportunity to put it on hold pending a pull disposition of the case and frankly i don't see where there would have been any harm in that whatsoever. obama care would have not fallen over it. >> laura: wouldn't that have been the least destructive way of going about this for the justice and doesn't this signal real trouble for those business owners in the united states who they are are not churches mind you but they have real beliefs and they do not allow them to participate in providing the coverage for the abort a patient drugs. why is their religious liberty a
the government was not going to fall over this. obama care doesn't fall oh he vert h healthcare mandate but would have protected while the case is fully litigated the religious freedom rights of the owners of hobby lobby to protect their religious conscience. unfortunately, the justice today, her deneyial in four pages basically said sorry i don't see it and therefore you will pay the penalty or provide the insurance whether you you like it or not and i think she missed an opportunity to put it...
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Dec 28, 2012
12/12
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the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring 1,500 new flight attendants. 20,000 applicants responded-- so many, american stopped taking resumes after eight days. these candidates had to pass a telephone interview before being invited this month to the airline's world headquarters in fort worth. ( applause ) >> i was unemployed for over a year. >> reporter: yoon eom is 25, a college grad and a new u.s. citizen, but in this room, she had a competitive edge-- she speaks english, spanish and her native korean. >> they're launching a direct flight to korea starting in may, and i was like, "oh, my gosh. this is my only chance!" >> report
the government reported 350,000 americans filed for unemployment benefits last week. that's down 12,000 from the week before. the four-week average of 356,000 is the lowest in nearly five years. and there are signs that companies are beginning to step up their hiring. american airlines is one of them. it's being flooded with applications. we asked mark strassmann to tell us about the people applying right now for work. >> reporter: american airlines announced in october it was hiring...
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Dec 30, 2012
12/12
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but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from "meet the press." that's coming up, too. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. if we took the already great sentra apart and com
but this is a terrible way to govern and a terrible way to run our government. any business likes to have some way of planning. so do government agencies. by having these deadlines makes it hard for people who are trying to make the government work. >> always great to talk to you, my friend. thank you. >> thank you. >>> much more ahead as the nation inches forwards the everyone of the fiscal cliff. and at the top of the hour, david gregory's interview made news from...
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Dec 29, 2012
12/12
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in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agreed to when also agreed to extend the bush tax cuts. >> sean: they are not cuts, joe. they are not real cuts. social security is going bankrupt. medicare is going bankrupt. we have obama care. everybody is about to explode and all you want to talk about is taxion small businesses. you don't want to talk about cutting spending. >> where are the $2 trillion in republican cuts? where are they? they don't want to talk about it either. >> sean: tax reform
in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he,...
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Dec 27, 2012
12/12
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a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60 days. it's an arbitrary and useless statute. denmark i think is the only other country that has something like that. this would be gamesmanship of the most dangerous kind. i hope nobody is going to play that game. i know the president said he is not going to play that game. if the republicans think they use that as leverage, they do that at their own risk. >> congressman, good luck to the cardinals. take care. >> thank you, luke. >> we are keeping our eye on how the stalemate is playing on wall street and president george hw bush is now
a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60...
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Dec 28, 2012
12/12
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that's how much the government will take. after you paid all your tacks the government will get more than half of what you have left. that includes the gold in your teeth and maybe some spare change in your pocket. pretty sad. that is confiscator to more than anything else. >> also known as the death tax. keep in mind, sean, the estate tax also, it actually lapsed in 2010 and there were jokes going around saying it is time that people should pull the plug on the relative? but remember it came back in 2011 and it ended up coming back at 35%. but if you go over the cliff it goes up to 55%. >> all right. unbelievable. guys, good to see you. great information. we will continue to follow it. appreciate it. coming up, president obama returns early from his vacation, or so he says. charles krauthammer is here to analyze the anointed one sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that work
that's how much the government will take. after you paid all your tacks the government will get more than half of what you have left. that includes the gold in your teeth and maybe some spare change in your pocket. pretty sad. that is confiscator to more than anything else. >> also known as the death tax. keep in mind, sean, the estate tax also, it actually lapsed in 2010 and there were jokes going around saying it is time that people should pull the plug on the relative? but remember it...
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Dec 29, 2012
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it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of budget and policy priorities. get the title out. let's get to business. why are we not talking about this? talking about the cliff, but everybody's taxes going up with the payroll tax holiday. >>ith a great question, t.j. an important and underappreciated part of the fiscal cliff. the answer to the why is it really doesn't have any champions. when you hear the list of things people fighting for, estate tax, you hear the unemployment extension, things like that. you don't even hear this listed anymore. i know for a fact that the white house was fighting for this. they understand how important it is to people's paychecks, but how important to the overall economy. actually $100 billion, taking out of the 2013 economy at a time when paychecks have been stagnant. an unfortunate loss. >> let's take a look at the rest of this deal. the payroll tax holiday. everybody's taxes
it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of budget and policy priorities. get the title out. let's get to business. why are we not talking about this? talking about the cliff, but everybody's taxes going up with the payroll tax holiday. >>ith a great question, t.j. an important and underappreciated part of the fiscal cliff. the answer...
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Dec 22, 2012
12/12
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, then they cannot govern. it's like if you have a peanut allergy, okay. you can't get a job making reece's pieces. or if you have a religious prohibition against you operating modern motor vehicles. that's neat. but then you cannot get a job as a bus driver. if john boehner's job is making governing policy, and if john boehner is bad at that job because republicans in washington are now existentially politically incapable of making governing policy, that's against who they are and they won't survive if they prove that is who they are, then what we have as a country is not just a john boehner is bad at his job problem. this is a problem for which we may need to find the serenity and certainty that it will not change. john boehner's job as speaker of the house will be subject to a vote on january 3rd. you might think his speakership might be in danger given how he has performed in the job. but as of yet, no named other republican is challenging him for the job. maybe that's because whoever is holding the job, th
, then they cannot govern. it's like if you have a peanut allergy, okay. you can't get a job making reece's pieces. or if you have a religious prohibition against you operating modern motor vehicles. that's neat. but then you cannot get a job as a bus driver. if john boehner's job is making governing policy, and if john boehner is bad at that job because republicans in washington are now existentially politically incapable of making governing policy, that's against who they are and they won't...
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Dec 27, 2012
12/12
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an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial. did you happen to see wayne lapierre on "meet the press"? that does it for us on "the cycle." karen finney is in the chair for martin bashir and it is all yours. >> thanks, krystal. good afternoon. i'm karen finney in for martin bashir on this thursday, december 27th. the president is back in washington, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speak
an interest group out of control, not a government. democrats, even red state democrats, take note, sandy hook put a face on unlimited gun rights and an nra run amok. it's time to stop being afraid of the nra. time to stop changing the subject when guns are brought up. you, democratic politicians, can run on common sense gun restrictions, and you can win. for the first time in decades, there is now a political price to be paid for gun extremism, and i have got an idea for your first commercial....
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Dec 27, 2012
12/12
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let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new jersey coming uncriticism. the mayor will join mess next in studio. our big question -- should teachers be allowed to carry concealed weapons? [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, yo
let's make the government do what american citizens have to do when things get bad. we have to tighten our belts. why doesn't the government have to do the same thing? that would be the first thing to do. i'm willing to bet we could get enough cuts in there that we could get us down to a balanced budget within a fairly short time. >>> judson phillips, great to have you on this morning, sir. thanks for your time. >> thomas, as always, thank you. >>>. mayor of marlboro new...
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Dec 28, 2012
12/12
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try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and that's your moneywatch. for more, stay with cbsmoneywatch.com. back to you. >> thank you. >>> with all the snow falling in the sierra, avalanche concerns are on the minds o
try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions....
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Dec 28, 2012
12/12
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unfortunately, you know today the average american doesn't realize that there's 40% of government services that they're not paying for. only one-third of medicare is paid for by those people who actually use it and because there's been this charade going on, where the left and right basically have conspired together to shield the american people from the true cost of government, we really don't have any constituency here to help reduce spending because we have not dealt with that issue, there's been no progress on the entitlement spending this is unfortunately going to carry on to the debt ceiling debate and what that means is every american is going to be harmed because the economy is not going to be what it should be. so because we have lacked the courage to face up to deal with these issues we here in washington are going to hurt the american economy we're going to hurt americans at every level, and to me it's just a travesty that we've not been willing to deal with this issue when for the last two years, jeff we have known this time is coming. no congress has been more prepared to deal
unfortunately, you know today the average american doesn't realize that there's 40% of government services that they're not paying for. only one-third of medicare is paid for by those people who actually use it and because there's been this charade going on, where the left and right basically have conspired together to shield the american people from the true cost of government, we really don't have any constituency here to help reduce spending because we have not dealt with that issue, there's...
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Dec 23, 2012
12/12
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new government report, holiday hiring is fast approaching a 12-year record, great news? you have to ask yourself how many of she is seasonal jobs will be made permanent or they just vanish come january 2nd. how do we stimulate the growth of the higher paid jobs in technology and manufacturing that we really need to get the economy moving again. joining us is brenda buttner. good to see you. that is the good news. seasonal hiring is a record high? >> yeah it really is. we have had some reports from that basically we've seen 20% increase of holiday hiring from last year. amazon, target both reporting 21% more increase in hiring. >> gregg: how long are those going to hang around? >> that is a good question. we always see a drop-off that cliff of the employment cliff in january. what is more revealing we're seeing so much increase of hiring it was mainly in november. i would like to see december's numbers. we expected a strong consumer spending season. it's turning out to be much more disappointing than we had anticipated. >> gregg: why is that? >> many of the people who wer
new government report, holiday hiring is fast approaching a 12-year record, great news? you have to ask yourself how many of she is seasonal jobs will be made permanent or they just vanish come january 2nd. how do we stimulate the growth of the higher paid jobs in technology and manufacturing that we really need to get the economy moving again. joining us is brenda buttner. good to see you. that is the good news. seasonal hiring is a record high? >> yeah it really is. we have had some...
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Dec 22, 2012
12/12
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it is government. to tracey's point you have potentially 100 million americans and trillions worth of wealth waiting on government to make arbitary decision . we have rational people here trying to pay their taxs and live their lives and how can they plan rationally . trillions of dollars 15 days out. >> good americans willing to pay their fair share and government had their money for a year and they at any point back. we are looking at a potential delay. it is frustrating . they do deserve their money back. it is disgusting to me. i don't think it is it the worst in the history of the united states it is the worst in the senate and history of the empires. thape are both ruled by the extreme bases. but they found a way to keep everybody happy. if they find a way to do just enough they know what a blow back is going to be. kick the can down the road and i think that everybody is going to be fine with all of the tax returns. >> i am curious, tracey, do you think congress will heed the cash in warning? >>
it is government. to tracey's point you have potentially 100 million americans and trillions worth of wealth waiting on government to make arbitary decision . we have rational people here trying to pay their taxs and live their lives and how can they plan rationally . trillions of dollars 15 days out. >> good americans willing to pay their fair share and government had their money for a year and they at any point back. we are looking at a potential delay. it is frustrating . they do...
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Dec 30, 2012
12/12
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FBC
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire...
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Dec 29, 2012
12/12
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the federal government an act in 1942. the supreme court in which a guy growing grain on his own farm can feed himself and his own cattle was told by the supreme court he could not do this because it is it in violation . act it is it about milk and 1949 and the federal government is going to go and make a mark and make a fair market of this . we'll buy it at eight dollars a gallon. >> and it is johnathon. that milk your drinking is about to do you believedouble in price. >> forget the cookies. >> that's the problem and the farm bill is the problem. government should center zero role in milk agriculture production. it is it so long last that intervention is the problem and creates the cliff because of the distortions and creates more uncertainty and destroys wealth . these farm bills are terrible and safety bail outs for producer to guarantee prices and restrict foreign competition and gop wants to get behind something get away from subsidies milk producers included. >> julian, back in '49, we decided the government would b
the federal government an act in 1942. the supreme court in which a guy growing grain on his own farm can feed himself and his own cattle was told by the supreme court he could not do this because it is it in violation . act it is it about milk and 1949 and the federal government is going to go and make a mark and make a fair market of this . we'll buy it at eight dollars a gallon. >> and it is johnathon. that milk your drinking is about to do you believedouble in price. >> forget...
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Dec 29, 2012
12/12
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secondly you need the government involved. >> the government is involved. >> guys. >> we own the-- >> and ancillary problems that go along with this poisoned housing market right now, i'm sick and tired of hearing whether the government should get involved or not. and they're not involved. and. >> they are involved. >> schools, fire departments, local government when houses go under, you can't have it. >> the government controls the entire mortgage market. we own fannie mae and freddie mac, now, we're venturing out to control more of it. >> right. >> it makes zero cents. >> got to take full control, guys. listen, you want to penalize something, go after the home owners for building up the inventories, when they're doing it and going into consumer sentiment numbers and giving false reading. >> fuelly not enough inventory right now to meet demands, but anyway, ben, final word. >> todd, if you can predict the future and value of any important commodity my hat's off to you. >> thanks, ben, i appreciate that. look, i respect you, too, going forward in the housing market right now, i don't
secondly you need the government involved. >> the government is involved. >> guys. >> we own the-- >> and ancillary problems that go along with this poisoned housing market right now, i'm sick and tired of hearing whether the government should get involved or not. and they're not involved. and. >> they are involved. >> schools, fire departments, local government when houses go under, you can't have it. >> the government controls the entire mortgage...
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Dec 30, 2012
12/12
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CSPAN
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the president's tax hike would only fund the government for eight days. americans deserve to know what does the president propose we do for the other 357 days of the year. inaction should not be an option. the problems facing our country are big with their not necessarily all that complicated. the president will never have more political capital and then he does right now. in debt -- the next few days will begin to define his second term. he was elected to lead. we can still avoid going over the fiscal cliff if we step for this week and republicans to solve this problem and solve it now. >> we talk with washington post reporter laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed th
the president's tax hike would only fund the government for eight days. americans deserve to know what does the president propose we do for the other 357 days of the year. inaction should not be an option. the problems facing our country are big with their not necessarily all that complicated. the president will never have more political capital and then he does right now. in debt -- the next few days will begin to define his second term. he was elected to lead. we can still avoid going over...
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Dec 23, 2012
12/12
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officials put pressure on the government. a court there deciding to let him go. he flew to the border with his attorney and his dad is driving him home to florida. his mother, incredibly relieved. >> it was like my first night i slept all night without getting up. it was just the thought of not wondering what's going on with him. can anyone hurt him tonight. he's eating, he's able to actually have a meal. you know, it's just -- i honestly can't totally process it until he's here. we're days away, so i'll take it. >> honestly he knows he made a mistake bringing in the gun but to be honest i'm happy his family's together for christmas. there are reports he surface from ptsd from his war time experience and his family says now he's got a stomach bug and a chest cold that could be pneumonia. if that gets worse they may stop along the way home at a hospital. >>> a lot of people didn't think he would get out for christmas. >>> a weather alert. the powerful storm is slamming the northeast. heaviest snowfall making a mess in syracuse, and as you can see, creating sloppy
officials put pressure on the government. a court there deciding to let him go. he flew to the border with his attorney and his dad is driving him home to florida. his mother, incredibly relieved. >> it was like my first night i slept all night without getting up. it was just the thought of not wondering what's going on with him. can anyone hurt him tonight. he's eating, he's able to actually have a meal. you know, it's just -- i honestly can't totally process it until he's here. we're...
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if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that is, they are very unhappy and they call a quote poison pill. what they say is an offer from the republicans to include in this deal, which has been from the democrats perspective, mostly focused on taxes to include in it, a change in a technical way that social security is done. what it effectively would mean is that social security recipients would get smaller checks each month. something that the president himself did offer as part of a larger deal when he was in those talks with the house speaker. and ha democrats would say is we're past that. we're not in the larger negotiations any
if a deal isn't reached, your taxes will go up and government spending will be slashed. dana bash and jessica yellin are covering all angles of the story. let's start with dana on capitol hill who has heard word of a setback in the talks. dana, what do you know? >> setback from the perspective of democrats. we should underscore that. this is any information that is coming out. is coming out for a purpose. this is certainly significant. when it comes to the democrats' perspective. and that...
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gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why do you think there will be a war against cracking? >> when they set their own definition of at smart regulati is, yes, they will set smart regulation at a level that makes it virtuall impossible. that is what has happened in the cocoal mines in west virginia ad kentucky, where new permits have come to a screeching halt for four years. what would happen with tracking is that when the states lose control to the federal government hey throw their hands. then you are waiting for a federal regulator i washington dc or some regional office to decide on the geology tha
gerri: the federal government hasn't said which one to do yet. before lisa jackson left her job, here's what she had to say. >> i will read it to you, actually. we have that? gerri: tracking is perfectly capable of being queen, she says. it requires smart regulations, smart rus of the road. so it sounds like she is not outlawing it altogether. on one hand, but on the other hand, we have seen what happens to the wr on coal. if the obama administration came out all guns blazing. is that why...
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and s why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe too
instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and s why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope...
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well, you can't keep it up as a government either. >> gerri willis, thank you so much. >> absolutely. >> this has been moving and fluid all day. >> catch her weeknights onhe willis report 6:00 p.m. eastern on the "fbn." >>> right now, work behind the scenes to get to a deal in place. we'll take you back to capitol hill for the latest developments. you're watching a special two-hour edition of the fox report. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. what are the key differences keeping lawmakers from reaching an agreement to avoid going over the fiscal cliff? 0 we'll
well, you can't keep it up as a government either. >> gerri willis, thank you so much. >> absolutely. >> this has been moving and fluid all day. >> catch her weeknights onhe willis report 6:00 p.m. eastern on the "fbn." >>> right now, work behind the scenes to get to a deal in place. we'll take you back to capitol hill for the latest developments. you're watching a special two-hour edition of the fox report. [ sniffs ] i have a cold. [ sniffs ] i took...
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economists say the decline is due to fears of sharp tax increases and government spending cuts set to take effect next week. barkley is considering a plan to change the face of downtown with the first high rise in that city in 40 years, a los angeles real estate group today submitted and application for the plan which calls for a 17 story luxury apartment complex on harold way by the downtown bart station. the plan includes a rooftop garden, conference center and four levels of underground parking. if approved the development would transform the block long harold way there in berkeley. the project is expected to face opposition from pest veryvationist. the developer wants to tear down the back of that. >>> former president george h.w. bush is in guarded condition at a houston hospital. a spokesman says he is alert talking with staff and surrounded by his family. he was moved to the intensive care unit on sunday and been in the hospital since last month for complications related to bronchitis. >> they don't put you in icu because things are going well, we are hoping the medicines and t
economists say the decline is due to fears of sharp tax increases and government spending cuts set to take effect next week. barkley is considering a plan to change the face of downtown with the first high rise in that city in 40 years, a los angeles real estate group today submitted and application for the plan which calls for a 17 story luxury apartment complex on harold way by the downtown bart station. the plan includes a rooftop garden, conference center and four levels of underground...
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making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. ♪ >> to tell me to get out of the class. i said, no poor because in the hallway. that's like wearing a kk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that ight to free speech and let other students harasser and subject her to an emotional distress. to our legal eagles in tonight's let me be brief segment, trial attorneys says -- samantha has a good case. debra plumb sides with the school. deborah, let's start with you. why is the school right? >> the school was not involved. the teacher was acting in an individual capacity, not in her official capacity. granted, her actions were completely wrong. the evidence does not support that the school had promulgated a policy of limiting the students' free-speech, so the school is absolutely not l
making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. ♪ >> to tell me to get out of the class. i said, no poor because in the hallway. that's like wearing a kk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the philadelphia school district ignored that ight to free speech and let other...
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the government cannot protect us. they can't be everywhere all the time. the government has delusional thinking. >> it's such a complicating subject and i hate to play into the sound bite. we're 5% of the world's population and we've got 50% of the guns. >> you know, today i think the nra planted a flag on planet bizarro. i hate to use a sound bite like that. but we have more guns in this country and we have more gun violence in this country than any other western industrialized nation and they don't see a link and, in fact, what they then say is, we need more guns like our guest just said. that's the world we live in. we live in a world where everyone around the country has mentally deranged people, violent movie games, violent music as we do, and yet they don't have the number of guns we have and strikingly, oddly enough they don't have the same gun violence that we do. i don't know why that point escapes wayne lapierre. and our guest on the show tonight. >> mr. siebold, i feel naive. i'm confused. i expected the nra to embrace universal background check
the government cannot protect us. they can't be everywhere all the time. the government has delusional thinking. >> it's such a complicating subject and i hate to play into the sound bite. we're 5% of the world's population and we've got 50% of the guns. >> you know, today i think the nra planted a flag on planet bizarro. i hate to use a sound bite like that. but we have more guns in this country and we have more gun violence in this country than any other western industrialized...
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they're supposed to be governing, not supposed to be pouting and throwing fits. they're supposed to be governing and this is a big giant issue, they've got to get to work. this, this comic game playing and pout ang showing off, it's a disgrace and they've got to come back and i think the president should call them back into session and get to work. >> i totally disagree. >> i knew you would. i knew you would. >> i mean, but on the merits, i don't -- when you talk about our representatives, nancy pelosi is my representative, but i don't begrudge her this. well, i happen to be a constituent of hers, that's just a fact and, but here is observation, she is making a perfectly valid political point and she's making a serious point, right? this is why she's against any kind of entitlement reform. at the very same time, boehner had to pull back his plan b because his caucus is not behind him on meeting the president halfway. >> no, no, no, because there's no-- >> and in the meantime, we have a meaningful debate going on-- i don't like-- >> charles, charles. >> real polit
they're supposed to be governing, not supposed to be pouting and throwing fits. they're supposed to be governing and this is a big giant issue, they've got to get to work. this, this comic game playing and pout ang showing off, it's a disgrace and they've got to come back and i think the president should call them back into session and get to work. >> i totally disagree. >> i knew you would. i knew you would. >> i mean, but on the merits, i don't -- when you talk about our...
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we could keep it away from the government. let the private sector regulate it on its own. >>. >> the nra proposal that was put out is not far-fetched. a lot of schools have resource officers that provide an extra level of security. but you have to understand that there's 100,000 public schools in the country. do the math. >> 5 billion. >> it's going to be in the billions of dollars if we follow through with a proposal of posting a police officer at every school. >> and it will not work if they have assault weapons. >> whether or not congress is going to have the appetite to spend more money, and these times of the fiscal cliff. >> if that idea was implemented, we aring looking at 5 billion dollars and katharine, don't they agree on one thing, the president and the right and the left is and that is the issue was brought up yesterday, and that has to do with violence as a part of the culture of the united states and how to combat that, do they agree on that foundation? >> they do, it's a cultural issue and it's not an issue for
we could keep it away from the government. let the private sector regulate it on its own. >>. >> the nra proposal that was put out is not far-fetched. a lot of schools have resource officers that provide an extra level of security. but you have to understand that there's 100,000 public schools in the country. do the math. >> 5 billion. >> it's going to be in the billions of dollars if we follow through with a proposal of posting a police officer at every school. >>...
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. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 q
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double....
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. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya. president obama this morning told "meet the press" the u.s. now has some "very good leads" about who carried out the deadly strike. >> there was sloppiness, not intentional in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect the embassies. so we are are doing a thorough review. not only will we implement all of the recommendations that were made but we will try to do more than that. with respect to who carried it out, that is an ongoing investigation. the fbi has sent individuals to libya repeatedly. we have some v
. >> how are the talks progressing and what about reduction in government spending? we still have the looming 16 trillion plus budget deficit. remember that? and the politicians they are taking their time on that as well. we will ask house budget committee member south carolina republican congressman when joins us live later this hour. he is worried that the talks have not addressed spending. so we have to address that. >> breaking news now in the benghazi terror attacks in libya....
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you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the cme group, if february of 2011 the volume was 934,000 contracts a day. almost a million contracts a day. by november of this year, a month ago, got half of that. yesterday the volume was 175,000. oil money is on the sidelines. our producer just gave me the latest volume today. trading is going to continue only for another 15 minutes or so. 273,000 contracts traded just today. that is half of the typical volume. people are so scared about the fiscal cliff, this money, david, now is sitting on the sidelines and doing nothing for investors. that is what the fiscal cliff has wrought in the oil market
you have to report it to the federal government because it is potentially dangerous to the environment. that is nothing like a danger to oil trading that the fiscal cliff is now causing. take a look at prices. you said today, we've got back a little bit and pulled back a little bit after run-up yesterday. this is not a story about price. this is a story about volume, lack of volume. take a look at the volume of oil trading on the most traded contract, wti, that's west texas intermediate at the...
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important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you. john boehner as we heard from kelly o'donnell is going to have to face meeting democrats if we have a deal. then he's going to have to go back to his caucus and say re-elect me as speaker. how does he do that? >> i think it's two separate questions, richard. on the first point he's going to have a difficult time to corral votes. if the president bring his 250 plan to the house floor, you're not going to see many republicans go after it. but at the same time i think boehner is pretty safe when it comes to his speakership. if gentlemen were making noise against the speaker, there would be huge trouble. i think boehner'
important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you....
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if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what is being revealed. >> i want to go to one other finding in this study about this. it is about the notion of people need guns for protection. >> there is no evidence that a gun in the home reduces the likelihood of severe iity durin break in. it is actually going to be usable in a way that will protect you. >> to the contrary. those same studies have shown, they are are more likely to go through if there is a gun in the house. what is more likely to happen is you are going to get shot. what happened is, they didn't kill the shooter. the shooter killed themselves. they were in able to get to it
if you transfer $10,000 of your money, it triggers your bank that goes to the federal government. but you can go online and with free holiday shipping purchase a high capacity magazine. even the law enforcement in the communities have no way of know ing a large number of weapons, perhaps a bullet proof vest. that might send off a few alarms. making it harder to sexercise te right to vote. we should think that people are more responsible owning a gun than casting a ballot. that is part of what...
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government and economy and they're going to be sitting with their guns ready to fend off any visitors. well, you know, that concerns me a little bit because they're not religious nuts. they are actually rational people with a bad idea. >> michael, that's actually a great point. the difference between the secular and religious doomsday folks. is there anything you could say to the secular types who are sitting with their piles of gold and everything waiting for the country to erode. is there anything logically, rationally to persuade people maybe this isn't the best approach? >> well, i do. these people write me and i write them back. i say look, the country's almost 250 years old. and nothing's happened like that. even remotely like that. that happens in some third world countries where they have revolutions, but we've had all these presidential elections and not once has the incumbent president had to be forced out by gun point. where that does happen in other countries. the chances of that happening here is very low. our economy has gone through major cataclysms and still people don
government and economy and they're going to be sitting with their guns ready to fend off any visitors. well, you know, that concerns me a little bit because they're not religious nuts. they are actually rational people with a bad idea. >> michael, that's actually a great point. the difference between the secular and religious doomsday folks. is there anything you could say to the secular types who are sitting with their piles of gold and everything waiting for the country to erode. is...
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. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 q
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double....
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directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars after they are trying to prevent kids from trying the real stuff one day. does anyone want to tie it throt is a nexus between candy cigarettes and bubble gum cigars and taking up smoking? any takers? smokers amongst us? >> greg: this research is created to prove the point researchers want that candy cigarettes lead to real smoking. all kids had candy cigarettes. ban hot wheels because kids fast on them. cap gun leads to real guns. making a finger like this should be banned. no more using -- >> bob: making a finger lik like -- never mind. >> andrea: that is banned. >> bob: of course it should be banned. >> eric: they're fun. >> bob: it's a law. it's a law. >> andrea: i had those. look at me. >> eric: they have
directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ p.m. eastern. now back to new york and "the five." ♪ ♪ >> welcome back to "the five." shop in saint paul has been warned to stop selling candy smokes with bubble gum cigars after they are trying to prevent kids from trying the real stuff one day. does anyone want to tie it throt is a nexus...
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directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymbalta. taking it with nsaid pain relievers, aspirin, or blood thinners may increase bleeding risk. severe liver problems, some fatal, were reported. signs include abdominal pain and yellowing skin or eyes. tell your doctor about all your medicines, inc
directly ahead big government tanging the war on tobacco to a new extreme. this time targeting cigarettes and big league chew, kimberly has more on the smoking gum next. ♪ ♪ [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain....
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the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away.illy. the factor. captioned by closed captioning services, inc. >> the o'reilly factor is on. tonight. >> this is something within our capacity to solve. call me a hopeless optimist but i still think we can get it done. >> as the nation comes closer to the edge the chances of a fiscal cliff deal begin to doom. what will it mean for you? >> the administration essentially enacting legislation on its own through you
the demonization of people who believe in limited government and a government that represents we, the people, and not we, the elites. and i really think that it's archaic and dinosaur-like of folks like sam donaldson who have long been out of power. i mean we broke the liberal media monopoly years ago, and this is really their death row call, not ours. thanks, sam. >> good to see you. thank you for being with us. happy new year. >> you bet. >> that's all the time we have left...
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Dec 27, 2012
12/12
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that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded several roads. water was turned off to nearly 400 homes and city officials rushed water to the residents. a sinkhole trapped a city bus and as you can see there the driver escaped unharmed. water service was restored last night. >>> a big rock slide closed a road and it took many drivers by surprise. cal train will open 8:00 amount m and 4:00 p.m. to let traffic through and there is still no word on when the road will fully open. >>> they are asking well wishers to hold off on sending gifts to the grieve stricken community of newtown connecticut. gifts have been pouring into the community from all over the world. officials
that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded...
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Dec 29, 2012
12/12
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in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it is 2.6. that doesn't sound like much but because of compounding it adds up. adam: dan, i don't think there is any danger we become greece or france in a lot of ways. we're not a socialist country yet and greece is a whole different ball of wax. rich, the discussion about the econy, the spending cuts that they're talking about do put people out of work and that would have a negative effect on the economy, would it not? >> it would, adam. real quick, a bit of news here. president obama will deliver a statement at 4:45, something i imagine we'll cover live here on fo
in the long run that is what i'm worried about, how big is government? how much of our economy's resources will be diverted and consumed by government? because i don't want to become greece or france or one of these stagnant slow growth welfare states. think evidence is very clear that fiscal policy does matter for an economy's performance. doesn't mean we have a recession if taxes go up but it does mean that government will be bigger and our growth rate in the long run maybe instead of 2.7, it...